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RICS UK economic brief July 2007 [electronic resource]

By: Language: English Series: RICS UK Economic Brief ; July 2007Publication details: London RICS 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that recently released data continues to signal a solid expansion in the pace of UK economic activity. Growth in the second quarter came in a little above that recorded in the first three months of the year at 0.8%. Most of the more timely surveys of the business community also paint a generally upbeat picture. The RICS Commercial Market Survey for Q2 shows that business demand for commercial property remained firm in the second quarter at close to a seven year high. The latest data provides convincing evidence that the construction sector remains in a buoyant state. RICS Housing Market Survey shows that house price growth eased in June to half the pace of the previous month.

Reports that recently released data continues to signal a solid expansion in the pace of UK economic activity. Growth in the second quarter came in a little above that recorded in the first three months of the year at 0.8%. Most of the more timely surveys of the business community also paint a generally upbeat picture. The RICS Commercial Market Survey for Q2 shows that business demand for commercial property remained firm in the second quarter at close to a seven year high. The latest data provides convincing evidence that the construction sector remains in a buoyant state. RICS Housing Market Survey shows that house price growth eased in June to half the pace of the previous month.

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